Analysis

157

ING battles to preserve its risk management reputation

The Dutch group's risk management system seemed one of the best, until the government had to rescue ING last year. What went wrong? Jessica Baylis reports.

153

Why we need to redefine the "e" in ERM

In this interview, leading risk consultant James Lam argues for much more effective risk management and a radical expansion of the ERM concept

152

Can capital pressures be run off?

As fourth-quarter results reveal depleted balance sheets for many insurers, exiting unprofitable lines of business could become more popular for managing capital. Helen Yates reports.

146

(Re)insurers face difficult choices on capital

The range of options for bolstering capital has decreased as the credit crunch has intensified. Risk retention vehicles may have a role to play, argue Adrian Richardson and John Reed

145

"Non-toxic" investments may hit European insurers' capital base

While some European firms are still reeling from investments in "toxic" paper, concern is mounting about potential losses in more mainstream holdings, as Sarfraz Thind reports

144

Germany maps out route to Solvency II

The MaRisk VA circular raises the country's preparations for 2012 to a new level. One result: risk management will become more of a board concern. Report by Jessica Baylis

142

Why we favour a statistical approach to hurricane forecasting

The results beat other methods and the forecasts are getting closer to reality, say Philip Klotzbach and William Gray

140

Europe races against time to resolve group support issue

Meetings have started in Brussels to thrash out Solvency II sticking points, especially the big one, group support. Can they prevent the directive being delayed? Jessica Baylis reports.

139

How insurers can use risk appetite to set risk limits

Producing a risk appetite statement is not easy; cascading it into a comprehensive limit structure even harder. But the rewards for achieving this are significant, explains Karl Chappell

135

Why operational risk fits pillar II best

The standard model in Solvency II is totally inadequate for operational risk. Many in the industry know this. But nothing is likely to change before 2012. By Jessica Baylis

134

Capital erosion isn't a problem for insurers -- yet

The financial crisis hasn't dented re/insurers' capital too badly. Sources of capital remain to be tapped. But pray for a light hurricane season, says Helen Yates.

133

CEA issues wish list for QIS5

It's based on industry feedback from QIS4 and it suggests a lot of work is still to be done to get the Solvency II directive into final shape.

130

Why Bermuda will have its version of Solvency II before Europe

Bermuda Monetary Authority CEO Matthew Elderfield is pressing ahead with regulatory reform, eager to gain mutual recognition with Europe and the US. Interview by Peter Field

128

The risks multiply for insurers in 2009

The fall-out from the banking crisis could ensnare the insurance industry this year -- unless it rises to the challenges highlighted by the experts below. Jessica Baylis reports.

127

Re-rating the rating agencies

The global financial crisis has raised serious questions about the reliability of credit ratings. Helen Yates asks what this means for European insurers and for ratings under Solvency II.

126

It's time to abolish risk-based regulation

Basel is fundamentally faulty. Why extend the model to insurance? asks Kevin Dowd

124

Will CROs get the authority they need?

Giving more power to the CRO is one reaction to the financial crisis. But defining the role precisely isn't easy. Neil Hodge reports.

122

Life remains in the longevity market

The buyout market may be challenging but there are some attractive opportunities to transfer risk, and the case for longevity protection is strengthening, argues Gordon Fletcher

121

British MEP accuses French over deal on group supervision

No group supervision and lower equity capital reserves makes the current Solvency II text intolerable, says Sharon Bowles

108

Why catastrophe risk management needs improved exposure data

Hurricanes Katrina, Rita and Wilma showed that insurance brokers and carriers had incomplete and inaccurate data to estimate losses and establish premium fees. What lessons have been learned? By Trish Conway